46. If Mr. Parker owns 150 shares of stock in Stark Industries and receives $180.00 per year in dividends, how much does Mr. Rogers receive for an annual dividend if he owns 400 shares of the same company?
Answer: A
Mr. Rogers receives $480.00 for an annual dividend.
To determine Mr. Rogers' annual dividend, we first find the dividend per share Mr. Parker receives and then multiply that by the number of shares Mr. Rogers owns. Mr. Parker's dividend of $180.00 for 150 shares gives a per-share dividend of $1.20. Therefore, for 400 shares, Mr. Rogers receives $480.00.
A) 480
This option is correct as it reflects the calculation based on the per-share dividend. Mr. Parker's annual dividend of $180.00 divided by his 150 shares yields a dividend of $1.20 per share. Multiplying this per-share dividend by Mr. Rogers' 400 shares results in $480.00.
B) 500
This option is incorrect as it does not accurately reflect the calculated annual dividend for Mr. Rogers. The dividend per share of $1.20 multiplied by 400 shares results in $480.00, not $500.
C) 450
This option is also incorrect. The calculation for Mr. Rogers' dividend does not support this amount. With a per-share dividend of $1.20, 400 shares would yield $480.00, making $450 an inaccurate figure.
D) 72000
This option is incorrect and significantly higher than the calculated dividend. The annual dividend for Mr. Rogers cannot be $72,000 as it far exceeds the expected dividend based on the per-share calculation of $1.20.
Conclusion
The correct answer is $480.00, as derived from the calculated per-share dividend of $1.20 for Mr. Parker's shares. All other options are either miscalculations or incorrectly inflated figures that do not align with the dividend distribution based on the shares owned.